THE VIGIL LIGHT INC (EIN 942739048) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

STEPHEN F BURKE

Phone

7075390458

Tax Period

2024-10-01 to 2025-09-30

THE VIGIL LIGHT INC, founded in 1978, is a micro nonprofit in the Housing & Shelter sector that reported $35K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $605K exceeded revenue, resulting in a 1645% operating deficit.

Mission

TO PROVIDE HOUSING AND RELATED FACILITIES AND SERVICES FOR LOW-INCOME, SENIOR, AND HOMELESS INDIVIDUALS AND HOUSEHOLDS BY MAKING GRANTS OR LOANS TO CHARITABLE TAX EXEMPT NONPROFIT ORGANIZATIONS THAT WILL UTILIZE THE FUNDS FOR THE PRECEDING STATED PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $34,648

Other Revenue $0

TOTAL REVENUE $34,648

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $604,561

Other Expenses $4,561

TOTAL EXPENSES $604,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,648	$94,583	-0.6%
Expenses	$604,561	$1,528,908	-0.6%
Net Income	$-569,913	$-1,434,325	-0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BURKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENNIS HARTER	CFO	2.00	Officer Director	$0	$0	$0
CLEM CARINALLI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE MCCULLAGH	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN CARINALLI	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$34,648	$604,561	$612,032	$-569,913
2024	$94,583	$1,528,908	$1,181,945	$-1,434,325
2023	$34,085	$983,084	$2,616,270	$-948,999
2022	$11,450	$4,280,229	$3,565,269	$-4,268,779
2021	$7,272,502	$474,068	$7,908,358	$6,798,434
2020	$685,563	$555,325	$1,866,210	$130,238
2019	$697,435	$595,103	$1,830,559	$102,332
2018	$663,371	$580,365	$1,894,165	$83,006

THE VIGIL LIGHT INC